Your Questions About Investools

Posted by Justin in Investing | Comments Off on Your Questions About Investools

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Michael asks…

I am looking for a possitive advice with stock day trading relating to investools or just day trading(stocks)?

I don’t hear any feedback from people who made a true commitment with Investools. and how sucessfuly it worked. I only hear negative, but how about possitive or realistic. I am very interested to know from some who is a sucessful stock trader: How sucessful were you with investools, what has worked, will it be a good program for day traders, is it worth the money, what else is there that is better? Any other advice? Thanks!

Justin answers:

There is no magic tool, you will have to find the answers yourself or you will never be a professional trader. Experience matters. You need to figure out the basics for yourself– don’t fight strong trends, protect your capital, ride your winners, learn to spot trends, set stops, set specific goals for each trade, learn how to use leverage, learn to make money in every market, take breaks. You will fail. You will lose money. Some learn from this, some keep doing the same stupid things, some give up. If you want to be rich, you get up, ignore the pain, figure out where you made mistakes, and don’t make them again. Moreover, after many years you may create the perfect trading strategy that on paper will make you rich every time, but executing it in real life is a different story. Psychology, emotions, it is your worst enemy. I was up 1200% in four months earlier this year, then my Dad got really sick and my dog died. I thought I could keep trading, but I was not nearly up to it, and wound up losing all of my profits from those four months in three weeks. It was actually a cheap lesson that I should have learned before. I won’t make that mistake again. Don’t look for tips or advise from others, because you can’t be fixed, you have to be flexible and adapt to the market. No matter what happens you should be confident that you can start with a stake and turn it into real money in a couple of weeks; you need that kind of confidence and determination… That is more important than any software.

Daniel asks…

Is there a resource to evaluate stock investment schools like investools?

The Investools seminar makes the whole thing seem plausible. They don’t promise to make it easy, and do promise tro provide exstensive and in-depth research. There are other such companies. The problem arises from the inability to evaluate whether or not they actuaqly provide the research results and evaluations that are promised in the “seminar” sales pitch.

Justin answers:

I find this website resourceful, especially for beginners:
http://www.stock-investment-made-easy.com/index.html

first of all, you need to understand how the stock market works inside out. From there, pick yourself good stock that have profitable business behind it. Though there are thousands of stock listed in the stock exchange, only few are worth investing.

After discovering your hidden gem, investigate how much the stock worth. It is just like a company sending someone to investigate other companies before they merge or buy them in an open market. Their due diligence is very important to ensure the purchase or investment is worth every single cent.

Savvy stock investors simply don’t rush into the market, even to buy the profitable businesses. You’ll be paying premium price if you buy the stock on the ‘high side’, which in return, you can expect lower return from your stock investment. This is where, margin of safety factor come in. You have to unlock its fair price, so that you’ll be taking less risk in case something goes wrong.

Mark asks…

InvesTools is a learning tool on how 2 buy/sell stocks based on red/green arrows, are there others who do also

I recently attended a seminar on how to buy stocks, the InvesTools company method, is based upon Trends, MACD, Stocastic analysis and News reports displayed by a chart on a computer screen. The analysis reveals to the investor as to when to buy (green arrow) or when to sell (red) arrow a stock.

Are there other stock trading companies who offer similar instructions?

And are these systems reasonably reliable?

Justin answers:

Here’s the scoop on Investools.

Investools is fine. They prefer to bring you on and have you be a lifelong student, but you can stop with the basic program. It’s up to you. You don’t have to pay for anything more than the course if you don’t want to, but most people subscribe to the toolbox, because it blows away 99% of the websites that are out there.

Having evaluated many programs and systems, I can tell you that the education IF you use it will put you ahead of 95% of the people answering questions in this section who don’t know better.

Unlike many companies, they teach you how to invest rather than just pushing buttons using a system. Their basic system works and is well worth the money. Most people I know who use the basic stuff make well over 20% a year easily (most make more).

It’s a matter of not knowing what you don’t know until someone tells you.

Take the first step and look at the website, investools.com. They’ve got a fabulous overview with videoclips of each of the basic steps.

As for other education companies, star trader and optionetics both teach you pretty well. For systems (“just follow this”), then you’ve got other things like wizetrade and premiere trade, and so on.

If you have any questions, just let me know. Either I’ll answer them, or I’ll be glad to put you in touch with as many people as is needed to answer your questions.

Hope that helps!

Thomas asks…

Investools: Has anyone made or lost money using them?

I am interested in using investools for a trading options/stocks. What is the best level of service? I have over 10 years investment experience, and want to make money while getting a good night’s sleep. Thanks!

Justin answers:

I have not used them, but I did go to one of their free presentations. It was simply a sales pitch.

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Yes, I am sure some people have made money using them and others have lost money using them. The same can be said for a ouija board.

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I do not know, but based upon the presentation I went to I am sure it would could you quite a few thousand dollars.

As far as I could tell from the presentation, for a price they will give you a class that teaches valuable, useful information. The will probably neglect to tell you a few things, like how much risk you are taking and that you could learn just for much less money by reading a couple of good books.

Charles asks…

Are there any free websites that do the same thing that Investools does?

www.investools.com

I had a subscription for a few months, but it was very expensive.
Are there any websites that do what it does? It was a wonderful site but very overpriced.

Justin answers:

Never used investools before, but there’s so many free sites out there that there is really no need to pay for these services. Try using FINVIZ, also good is Yahoo Finance(use the technical charts), NASDAQ.com, , msn.money, ft.com, theonlineinvestor.com, etc. Check them out.

Donald asks…

Whats the best way to make big profit in the stock market? whats the best stocks?

Im gonna invest but which is the best? does that investools crap really work?

Justin answers:

Common sense, caution, patience, and over a long period of time you can make your profit. Investools or any other vendor promising returns ofer a short period of time simply will not work. Owning good companies is like hiring good employees: be selective, give them a chance to do good, ride the good stocks indefinitely, and don’t ride the bad stocks until they hit zero.

Richard asks…

Which software is the best tool for stock market investment ?

I have Option made easy ,not bad but also is not good enough for predicting and analysing.
I am thinking to buy Investools.
Any recomendations which are the best software to invest ?

Justin answers:

I think the best way to invest is to first see what the best traders are buying and selling. Then use that knowledge to hopefully improve your portfolio’s return. This is the idea behind the site http://www.top10traders.com – this is a free site that lets you create a portfolio of stocks with $100,000 in “play” money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month’s best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

John asks…

What do you think of their sites for investing?

Are these two sites for real or are they the only ones that will make money from the stock market by selling you their systems: www.investools.com and www.bettertrades.com? Are they too good to be true or what?

Justin answers:

It’s too good to be true, if (big if) it actually works. Otherwise it looks to me like they are just trying to sell you something. I want to research a stock or mutual fund, I use Morningstar.